NBA Commissioner David Stern: Pistons sale to Tom Gores approved, could close soon

Tom Gores is one step closer to becoming the official owner of the Detroit Pistons. NBA commissioner David Stern announced before Game 1 of the NBA Finals the NBA board of governors unanimously approved the sale of the Detroit Pistons to Gores and his investment firm Platinum Equity.

"We are delighted that the NBA's Board of Governors approved Tom Gores' purchase of the majority ownership," NBA commissioner David Stern said. "We look forward to the Pistons' continued growth both on and off the court, under his leadership."

Gores reached an agreement to purchase the Pistons, The Palace of Auburn Hills and DTE Energy Music Theatre back on April 10. The deal is expected to be finalized Wednesday or Thursday.

"We appreciate the approval of the Board of Governors and the support of commissioner Stern," Gores said in a statement. "I understand the importance of the trust that has been placed in us, and we're very excited to be a part of something as special as the NBA. We can't wait to make a difference in Detroit. We look forward to getting to work right away."

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Once Gores is officially in control, decisions about the future of the current regime are expected to be made quickly with a potential NBA lockout looming at the end of June.

It's been widely speculated coach John Kuester will not be retained for a third season.

Pistons president of basketball operations Joe Dumars, who has been unable to make any significant moves in the past two seasons because of the sale, is expected to be retained.

Detroit has missed the playoffs the last two seasons and own the No. 8 pick in this year's NBA Draft.

Dave Pemberton covers the Pistons for The Oakland Press. Email him at dave.pemberton@oakpress.com and follow him on Twitter @drpemberton.